How does Universal Health Services (UHS) make money?

Universal Health Services (UHS) generates revenue primarily from Acute Care Hospital Services, which accounted for 57.8% of total revenue in TTM through Q2 2026. The company reported $18.1B in revenue and converted 8.4% of it into net profit, equivalent to roughly $1.53B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Universal Health Services (UHS)?

Universal Health Services (UHS) reported a gross profit margin of 51.4% in TTM through Q2 2026, equivalent to $9.32B in gross profit on $18.1B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Universal Health Services (UHS)?

Universal Health Services (UHS) reported an operating profit margin of 11.4% in TTM through Q2 2026, equivalent to $2.06B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Universal Health Services (UHS)?

Universal Health Services (UHS) reported a net profit margin of 8.4% in TTM through Q2 2026, equivalent to $1.53B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Universal Health Services (UHS) profitable?

Yes. Universal Health Services (UHS) reported $1.53B in net income for TTM through Q2 2026, with a net profit margin of 8.4%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Universal Health Services (UHS) spend on capital expenditures?

Universal Health Services (UHS) spent $1.01B on capital expenditures (CapEx) during TTM through Q2 2026, roughly 5.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Universal Health Services (UHS) generate?

Universal Health Services (UHS) generated $894M in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 4.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Universal Health Services (UHS)?

Universal Health Services (UHS) had an effective tax rate of 23.5% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Universal Health Services (UHS)?

Universal Health Services (UHS) reports revenue across 2 reportable product segments, led by Acute Care Hospital Services at 57.8% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Universal Health Services Makes Money: 2026 Visual Revenue Map

Universal Health Services (UHS) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 28, 2026).

Universal Health Services discloses geographic revenue only in annual filings. to view the full breakdown.

Universal Health Services (UHS) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Universal Health Services (UHS), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Acute Care Hospital Services	$10.5B	57.8%
Behavioral Health Services	$7.64B	42.2%
Total	$18.1B	100%

Acute Care Hospital Services$10.5B
Behavioral Health Services$7.64B
Total$18.1B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Universal Health Services (UHS) reports revenue across 2 reportable product segments; the largest segment was Acute Care Hospital Services at 57.8%, followed by Behavioral Health Services (42.2%).

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